Meta shares tumble 10% as Mark Zuckerberg’s AI spending spree stuns Wall Street

Meta currently has 32 data centers across the globe in operation or under construction, with 28 of them in the US.

Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies

July 29 : Meta Platforms reported a precipitous 91 per cent drop in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant's costly AI buildout despite an uncertain payoff.The Facebook parent company reported free cash flow of $784 million in the second quarter ended Jun

South Korea's Kospi fell 10% and Nasdaq-100 futures dropped more than 1% as semiconductor names slid for a fourth session